AUDUSD Daily Analysis – June 5, 2018

by ForexCycle.com | June 5, 2018 3:26 am
AUDUSD broke above 0.7605 resistance and extended its upside movement from 0.7412 to as high as 0.7666. Further rise is still possible and next target would be at 0.7700 area. Near term support is at 0.7580, a...

AUDUSD Daily Analysis – June 4, 2018

by ForexCycle.com | June 4, 2018 1:18 am
AUDUSD failed to breakout of 0.7605 resistance and stayed in the trading range between 0.7476 and 0.7605. Another rise to test 0.7605 resistance is possible and a breakout of this level could take the price to 0.7650...

AUDUSD Weekly Analysis – June 3, 2018

by ForexCycle.com | June 3, 2018 8:56 am
AUDUSD is in consolidation for the downtrend from 0.8135. Range trading between 0.7412 and 0.7650 would likely be seen in a couple of weeks. The key resistance is at the falling trend line on the daily chart....

AUDUSD Daily Analysis – June 1, 2018

by ForexCycle.com | June 1, 2018 2:37 am
AUDUSD is now facing 0.7605 resistance. A breakout of this level could take the price to 0.7650 area. Above here would aim 0.7700 area. Key support is now at 0.7476, only a breakdown below this level could...

AUDUSD Daily Analysis – May 31, 2018

by ForexCycle.com | May 31, 2018 12:44 am
After breaking below the bottom of the price channel on the 4-hour chart, AUDUSD rebounded strongly from 0.7476, suggesting that the pair remains in the uptrend from 0.7412. Further rise could be expected in the coming days...

AUDUSD Daily Analysis – May 30, 2018

by ForexCycle.com | May 30, 2018 3:10 am
AUDUSD broke below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the upside movement from 0.7412 had completed at 0.7605 already. Further decline could be expected in the coming days...

AUDUSD Daily Analysis – May 29, 2018

by ForexCycle.com | May 29, 2018 3:59 am
AUDUSD broke below 0.7522 support. Deeper decline would likely be seen and the target would be at the bottom support trend line of the price channel on the 4-hour chart. A clear break below the channel support...

AUDUSD Daily Analysis – May 28, 2018

by ForexCycle.com | May 28, 2018 12:47 am
AUDUSD moved sideways in a trading range between 0.7522 and 0.7605. As long as 0.7522 support holds, the sideways movement could be treated as consolidation for the uptrend from 0.7412, and one more rise towards 0.7700 is...

AUDUSD Weekly Analysis – May 27, 2018

by ForexCycle.com | May 27, 2018 9:14 am
AUDUSD stays below a falling trend line on the daily chart and remains in the downtrend from 0.8135. As long as the trend line resistance holds, the bounce from 0.7412 could be treated as consolidation for the...

AUDUSD Daily Analysis – May 25, 2018

by ForexCycle.com | May 25, 2018 3:19 am
AUDUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 0.7412. As long as the channel support holds, the upside movement could be expected to continue and next target would...